Calling all builders and investors! Unlock the potential of this RTI (Ready-to-Issue) development opportunity adjacent to beautiful Lake Balboa. This exceptional offering includes a full set of meticulously designed architectural plans for a 5-unit apartment building, featuring four spacious units plus an Additional Dwelling Unit (ADU). The proposed development includes a total of 6,548 square feet of modern living space on a generous 7,835 square foot lot. The plans also call for a 4-car garage for a convenient and secure parking option as well as alley access for ease of entry and exit. This opportunity is RTI ready. All permits and plans are approved and ready to build, saving you time and hassle. The land comes with detailed and professionally designed architectural plans for optimal functionality and aesthetic appeal. Investors can benefit from no rent control due to new construction. The plans appeal to tenants looking for modern, brand-new living spaces which can easily garner top rental prices. All the heavy lifting has been done, just step in and start building! Photos are renderings based off of the architectural plans.
Property Details
Price:
$1,000,000
MLS #:
P1-18159
Status:
Active Under Contract
Baths:
0
Address:
16419 Victory Boulevard Boulevard 2231005029
Type:
Land
Neighborhood:
lkbllakebalboa
City:
Los Angeles
Listed Date:
Jun 19, 2024
State:
CA
ZIP:
91406
Lot Size:
6,446 sqft / 0.15 acres (approx)
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Community
- Address16419 Victory Boulevard Boulevard 2231005029 Los Angeles CA
- AreaLKBL – Lake Balboa
- CityLos Angeles
- CountyLos Angeles
- Zip Code91406
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Courtesy of COMPASS. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
16419 Victory Boulevard Boulevard 2231005029
Los Angeles, CA
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